12 April, 2015 by The TZ Newswire Staff Comments Off on Asian shares edge up, shrug off downbeat China trade data
Asian shares edge up, shrug off downbeat China trade data
A rally in China’s stock markets to seven year highs on Monday kept an index of Asian shares near its highest level since September, as weak Chinese trade data hardened expectations for more economic stimulus measures from Beijing. Exports contracted 15 percent in March from a year earlier, in a surprise drop that left China with a trade surplus of $3.1 billion last month, much smaller than forecasts for a $45.4 billion trade gap.
12 April, 2015 by The TZ Newswire Staff Comments Off on China’s March exports shrink 15 percent year-on-year in shock fall
China’s March exports shrink 15 percent year-on-year in shock fall
China’s export sales contracted 15 percent in March while import shipments fell at their sharpest rate since the 2009 global financial crisis, a shock outcome that deepens concern about sputtering Chinese economic growth. Data on growth in the first quarter will be released on Wednesday.
12 April, 2015 by The TZ Newswire Staff Comments Off on GM mulls $1 billion renovation of technical center near Detroit: Bloomberg
GM mulls $1 billion renovation of technical center near Detroit: Bloomberg
General Motors Co is considering plans to spend as much as $1 billion renovating its Technical Center, a facility that is more than 50 years old, Bloomberg reported. The renovations would include offices …
12 April, 2015 by The TZ Newswire Staff Comments Off on Oil edges up as financial traders bet on higher prices
Oil edges up as financial traders bet on higher prices
Oil prices inched up on Monday following a strong session on Friday, as financial traders increased their bets on higher prices amid a slowdown in U.S. drilling, but analysts warned fundamentals remained weak. Front-month Brent crude futures (LCOc1) were trading at$57.89 a barrel by 0356 GMT (7.56 a.m. ET), up 2 cents since their last settlement, while U.S. crude (CLc1) was up 14 cents at $51.78. Many money investors are calling a bottom in oil prices, as speculators in U.S.
12 April, 2015 by The TZ Newswire Staff Comments Off on 3 Stocks That Could Make Huge Moves This Week
3 Stocks That Could Make Huge Moves This Week
A combination of two variables will send these stocks on wild rides in the week ahead.
12 April, 2015 by The TZ Newswire Staff Comments Off on How NSA Surveillance Was Birthed From The Pre 9/11 Drug War
How NSA Surveillance Was Birthed From The Pre 9/11 Drug War
12 April, 2015 by The TZ Newswire Staff Comments Off on China Trade Surplus Crashes As Exports & Imports Collapse In March
China Trade Surplus Crashes As Exports & Imports Collapse In March
Forget the weather, it must be the smog. China just announced total carnage in its trade data for March:
- CHINA’S MARCH IMPORTS FALL 12.3% Y/Y IN YUAN TERMS; EST. -11.3%
- CHINA’S MARCH EXPORTS FALL 14.6% Y/Y IN YUAN TERMS; EST. +8.2%
- CHINA’S MARCH TRADE SURPLUS 18.16 BILLION YUAN; EST 250B YUAN
So what exactly was the Chinese stock market ‘discounting’?
Trade Surplus collapses… (economists knew about year-end and forecast +250bn!!!)